Category: Investment Funds, Investment Management, Regulation and Compliance
Course Level: Intermediate
Duration: 2 hours
Contact us for more information.This 2-hour workshop covers the lates UK and EU legislation and regulations. It will also look at the role of the Money Laundering Reporting Officer, the responsibilities of senior management to put in place adequate systems to train staff and report suspicions, and the individual responsibility of staff to identify and report suspicious transactions.
The workshop is designed to give delegates the opportunity to discuss each area thoroughly.
Objectives:
By the end of this workshop, delegates will have a more complete understanding of:
- what constitutes money laundering
- relevant legislation and regulations
- the offences and penalties
- their individual reporting responsibilities
Course content:
- What is money laundering?
- The agencies involved
- Proceeds of Crime Act (POCA) 2002
- Serious Organised Crimes & Police Act (SOCA) 2005
- Money Laundering Directives
- What must firms do? (Internal controls)
- Client identification (new CDD rules)
- Recognising and reporting suspicious activity
- T&C regime
- Record keeping
- Latest updates
This course would be suitable for:
- Approved Person
- Client services and call centres
- HR and training
- Investment administration and operations
- Investment professionals
- Legal & Compliance
- Senior managers
